Riya
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Are cost plus contracts risky for homeowners? (52 views)
9 Jul 2025 19:30
In another blog piece,cost plus contracts when not effectively administered, may prove unacceptable, it discusses how such contracts are transparent but may result into excess costs when there is no limitation or controlled manner of observation. Owners of houses should have boundaries, clear quotes, and demands of an open book accounting. The article has suggestions on how to protect against the typical problems such as overcharging or imprecise labour costs. When implemented properly, this type of contract is advantageous to both the house owner and the contractor particularly on developing or build-to-suit projects.
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Riya
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pooja.battersea@gmail.com